Daily Technical Analysis


Gold, chart D1

Gold Major support - $1264 (200-HMA).

The yellow metal pared its gain made yesterday on account of stronger US dollar and expectations of rate in Dec by Fed.

Gold declined sharply till $1264.after making a high of $1276.69. It is currently trading around $1267.89.

The yellow metal has taken support at 200-HMA and slightly recovered from that level.

On the higher side, major resistance is around $1270.28 (Hourly Kijun-Sen) and any break above targets $1280/$1294.80.

Gold, сhart D1: